USDCAD London briefing — 2026-11-04

BIAS BEARISH. H4 and H1 EMAs aligned downward; H4 fair value gaps confirm directional bias despite D1 bullish structure. KEY LEVELS R: 1.40, 1.405, 1.43015 | S: 1.395, 1.39418, 1.39 NEWS 🔴 ADP Employment Change (USD) Wed 13:15 UTC SESSION OUTLOOK ADP print could trigger volatility into resistance. Watch H1 fair value gap rejection near 1.40 for continuation signals.

Key Levels

R: 1.40000 · 1.40500 · 1.43015

S: 1.39500 · 1.39418 · 1.39000